Arlington approves change to Providence Place plans
Billy Orgel (left) and his son Benjamin Orgel, developers of Providence Place in Arlington, speak at a luncheon in 2022. (Michael Waddell/Special to the Daily Memphian file)
After more than a year of delays, development is progressing at the $100 million Providence Place project in Arlington, but difficult market conditions are leading to changes in plans.
On Monday, Oct. 7, the town’s Board of Mayor and Aldermen unanimously approved an amendment removing the age restriction tag on 60 loft apartments. Lenders are shying away from age-restricted projects since the pandemic due to issues with fair housing laws.
With the change, developers plan to offer discounted and promotional rates for seniors and honorably discharged veterans, more of an age-directed approach.
City staff supported the change.
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Town of Arlington Providence Place Arlington Board of Mayor and Aldermen tower ventures BlueOval City Subscriber OnlyThank you for supporting local journalism.
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Michael Waddell
Michael Waddell is a native Memphian with more than 20 years of professional writing and editorial experience, working most recently with The Daily News and High Ground News.
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